December Retail Sales Drop 0.3 Percent
Retail sales drop 0.3 percent in December as
SALES for ALL of 2009 PLUNGE by RECORD AMOUNTS.
By Martin Crutsinger, AP Economics Writer
WASHINGTON January 14, 2010 (AP)
Retail sales fell in December as demand for autos, clothing and appliances all slipped, a disappointing finish to a year in which sales had the largest drop on record.
The weakness in consumer demand highlighted the formidable hurdles facing the economy as it struggles to recover from the deepest recession in seven decades.
Consumer spending is considered critical to any sustained economic revival since consumer spending accounts for 70 percent of total economic activity.There it is in black and white: "CONSUMER SPENDING ACCOUNTS for __70%__ of TOTAL ECONOMIC ACTIVITY" in America...
... yet the DELUSIONAL and INSANELY CORRUPT President Obama, at the behest of his RAHM EMANUEL & (Rubinite) GODDAMN-SACHS BANKERS, CONTINUES to SHOVEL TRILLIONS of TAXPAYER/consumer dollars, into the INSANELY GREEDY MAW of Goddamn-Sachs and the other predatory New York and international banks!
THIS is what YOU PAID FOR, America, with your TWENTY+ TRILLIONS of TAXPAYER EXTORTED BAILOUTS - and, unlike the similar vast government/TAXPAYER SPENDING during the 4 WWII years, YOU DON'T HAVE __ANYTHING__ to show for it, besides Mr. Blankfein's smug smirk, Jamie Dimon's bonus millions, Robert Rubin & Lawrence Summers' rescue from their financial near-death experience, and your bought-&-bribed Congress & White House putting on serial DOG & PONY SHOWS, as they hand over fresh NEW BILLIONS in "bailouts" wholesale larceny to the SAME "we PRODUCE NOTHING but PINK SLIPS & EVICTION NOTICES" banksters!
NOW - GO WATCH SOME TV, America, and pay your due deference to your (fraudulent, pathologically corrupt) superiors!